Mortgage Program Day 1 Certainty Fannie Mae

day 1 certainty

Fannie Mae, the mortgage giant backed by the federal government, has many programs that allow homeowners to refinance their current fixed rate or adjustable rate mortgage and many mortgage programs that allow buyers to obtain a great mortgage loan to buy that dream home. At JB Mortgage Capital, Inc. we offer many of these Fannie Mae mortgage refinance and purchase … Read more

Loan Fees, Costs And Points

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One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the rate and are there any points?”. I think it’s almost a certain guarantee that you’ll end up paying more in costs and fees than if you simply asked a different question. Knowing what to ask a Loan Officer is … Read more

California Refinance Rates For Homeowners

Home Green

Refinance rates are relatively low compared to historical norms. As of January 1st, 2019 30 year fixed rates are between 4.125% – 4.625% (depending on the lender, loan structure and loan program).  Refinance rates continue to be near their recent lows as the bond market improves heading into 2019. Californians seeking a low home loan rate should contact 2-4 companies … Read more

Appraisal AVM

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What is an appraisal AVM  (Automated Valuation Method)?  An Appraisal AVM is a home valuation service that can provide real estate property valuations using math and public data.  The AVM uses the most recent sales as comparables.  When you refinance your home you may be granted an appraisal waiver.  This is because the AVM model that Fannie (or Freddie) is using agrees … Read more

Key Mortgage Terms

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Below is a list of key mortgage terms everyone should know and understand before moving forward with a new mortgage. Refinance or a purchase purchase transaction; it’s important to understand the various terms used before, during and after the process. A borrower with a good understanding of mortgage terms will be in a better position to secure a low interest … Read more